Iran and Malaysia have sealed a trio of deals worth a total of $14 billion, covering a liquefied natural gas project, as well the development of the Golshan and Ferdows gas fields, according to reports.
A Reuters report said the deals were made public on Iranian state television, but added the report gave few further details and did not say if all the projects were new.
Malaysian state oil company Petronas had said in July it was interested in Iran, but said it was assessing its involvement in the Pars LNG project because of rising costs.
It was not clear if the television report was referring to this deal.
Pars LNG is one of several projects that Iran has been planning but which has made limited progress.
“Iranian and Malaysian senior oil and gas officials signed three agreements yesterday night on co-operation in oil and gas fields,” the television report said.
“The $14 billion agreements are to develop Iran’s Golshan and Ferdows gas fields (in the Gulf), as well as an LNG project,” Oil Minister Gholamhossein Nozari was quoted as saying.
(Upstream Online)